8,800 Shares in Urban Outfitters, Inc. $URBN Acquired by Strs Ohio

Key Points

• Strs Ohio acquired 8,800 shares of Urban Outfitters, Inc. valued at approximately $461,000, indicating strong institutional interest in the company.
• Urban Outfitters reported earnings of $1.58 per share, exceeding estimates and reflecting an 11.3% increase in revenue compared to the previous year.
• Analysts have recently upgraded Urban Outfitters' stock ratings, with price targets rising significantly, suggesting positive outlook and potential upside for investors.

Strs Ohio acquired a new position in shares of Urban Outfitters, Inc. (NASDAQ:URBN - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,800 shares of the apparel retailer's stock, valued at approximately $461,000.

Several other large investors have also recently modified their holdings of URBN. GSA Capital Partners LLP boosted its holdings in shares of Urban Outfitters by 2.0% in the 1st quarter. GSA Capital Partners LLP now owns 10,401 shares of the apparel retailer's stock valued at $545,000 after acquiring an additional 203 shares during the last quarter. Xponance Inc. boosted its holdings in Urban Outfitters by 4.9% during the first quarter. Xponance Inc. now owns 4,782 shares of the apparel retailer's stock worth $251,000 after buying an additional 222 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Urban Outfitters by 1.2% during the first quarter. PNC Financial Services Group Inc. now owns 19,288 shares of the apparel retailer's stock worth $1,011,000 after buying an additional 228 shares in the last quarter. US Bancorp DE boosted its holdings in Urban Outfitters by 16.4% during the first quarter. US Bancorp DE now owns 1,855 shares of the apparel retailer's stock worth $97,000 after buying an additional 262 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Urban Outfitters by 34.7% during the first quarter. GAMMA Investing LLC now owns 1,022 shares of the apparel retailer's stock worth $54,000 after buying an additional 263 shares in the last quarter. Institutional investors own 77.61% of the company's stock.

Urban Outfitters Trading Up 1.0%

Urban Outfitters stock opened at $72.12 on Tuesday. Urban Outfitters, Inc. has a 12-month low of $34.76 and a 12-month high of $80.71. The stock has a market cap of $6.47 billion, a P/E ratio of 14.09, a PEG ratio of 1.14 and a beta of 1.29. The company has a 50-day moving average price of $73.85 and a 200 day moving average price of $64.65.

Urban Outfitters (NASDAQ:URBN - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.14. Urban Outfitters had a net margin of 8.15% and a return on equity of 18.43%. The firm had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same period last year, the business earned $1.24 earnings per share. Urban Outfitters's revenue was up 11.3% compared to the same quarter last year. As a group, analysts forecast that Urban Outfitters, Inc. will post 3.91 EPS for the current year.

Analyst Ratings Changes

URBN has been the topic of a number of recent analyst reports. Robert W. Baird raised shares of Urban Outfitters from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $75.00 to $90.00 in a report on Wednesday, June 11th. Citigroup reaffirmed a "neutral" rating and set a $76.00 price objective (up from $75.00) on shares of Urban Outfitters in a report on Wednesday, August 20th. Baird R W raised shares of Urban Outfitters from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 11th. UBS Group increased their target price on shares of Urban Outfitters from $78.00 to $79.00 and gave the company a "neutral" rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen upgraded shares of Urban Outfitters from a "buy" rating to a "strong-buy" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Urban Outfitters currently has a consensus rating of "Hold" and a consensus price target of $81.91.

Insiders Place Their Bets

In other Urban Outfitters news, Director Mary Egan sold 1,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $70.12, for a total transaction of $70,120.00. Following the completion of the transaction, the director owned 14,250 shares of the company's stock, valued at $999,210. This trade represents a 6.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 31.80% of the stock is currently owned by company insiders.

Urban Outfitters Profile

Urban Outfitters, Inc engages in the retail and wholesale of general consumer products. The company operates through three segments: Retail, Wholesale, and Nuuly. It operates Urban Outfitters stores, which offer women's and men's fashion apparel, activewear, intimates, footwear, accessories, home goods, electronics, and beauty products for young adults aged 18 to 28; and Anthropologie stores that provide women's apparel, accessories, intimates, shoes, and home furnishings, as well as gifts, decorative items, and beauty and wellness products for women aged 28 to 45.

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